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Pre-Owned Medical Devices Market is Expected to Reach USD 4.9 Billion Globally in 2019: Transparency Market Research
Date:11/14/2013

ALBANY, New York, November 14, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Pre-Owned Medical Devices Market (X-ray & Mammography, CT, MRI, Ultrasound, Nuclear Imaging and Medicine Devices, C-arm Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global pre-owned medical devices market was valued at USD 2.4 billion in 2012 and is expected to grow at a CAGR of 10.6% from 2013 to 2019, to reach an estimated value of USD 4.9 billion in 2019.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/pre-owned-medical-devices-market.html

Pre-Owned medical devices are defined as the devices that were owned earlier by any healthcare institution and that are now subject to sale or repurchase after refurbishment. 'Refurbishment' is defined as restoration of the device to its original specifications including replacement of basic wear parts and aesthetic changes to a complete end-to-end refurbishment. The pre-owned medical devices market study is thus, of interest to the refurbishment service providers.

Globally, the pre-owned CT Machines accounts for a high growth market segment - expected to grow at a CAGR of over 10% during the forecast period. The new CT machines are comparatively expensive; typically the demand for refurbished pre-owned medical devices is price-elastic i.e. directly proportional to the price of the new medical devices. Hence, due to the high price of the new CT machines, the demand for the refurbished pre-owned CT machines is expected to be high during the forecast period. Currently, in terms of value, the refurbished pre-owned CT machines market accounts for the second largest segments in the refurbished pre-owned medical devices market.

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